Dave Adams, president/CEO of the Michigan Credit Union League & Affiliates, said any speculation that CUNA Mutual Group is planning to cut revenues to the state leagues and their league services corporations, is “completely false.”

The suit against the $965 million Black Hills Federal Credit Union and CUNA Mutual alleging improper increases in credit life disability insurance rates was remanded Aug. 14 by the South Dakota Supreme Court back to a lower court to be tried as a class action suit.